Edge LNG Expands in Marcellus with Largest Project to Date
Going back a year (beginning June 2019) MDN has brought you news about Edge Gathering Virtual Pipelines 2 LLC (EDGE), a company that deploys special LNG units to remote Marcellus wells in PA, converting gas from the well into LNG and selling that gas (see our Edge stories here). Edge’s “virtual pipeline” solution aims to solve the problem of flaring, lack of pipelines, and (frankly) lack of good local markets into which to sell the gas. Edge has just cut another deal–this one with EXCO Resources. The company says this deal is its “largest project to date.”
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The Pennsylvania legislature has taken the next step in overturning a naked power-grab by Gov. Tom Wolf in his bid to force the state to join a carbon tax scheme called the Regional Greenhouse Gas Initiative (RGGI). Yesterday the PA House Environmental Resources and Energy Committee approved House Bill (HB) 2025 aimed at blocking RGGI without a proper vote by the legislature first. HB 2025 now goes to the full House for a vote.
Last December Chevron announced it was writing down the value of its Marcellus/Utica assets and putting those assets up for sale (see
The Susquehanna River Basin Commission (SRBC), the quasi-governmental agency tasked with overseeing water usage within the Susquehanna River Basin, has been a huge success with respect to partnering with the Marcellus Shale drilling industry. The SRBC recently updated a report (summary below) reviewing shale water usage drawn from the basin from 2008 to 2018. The report finds shale water usage has risen to become the #3 source of water used in the river basin–although shale usage of basin water is still a small fraction of that by larger users, including municipalities and electric power generation.
EnergyNet is an online marketplace for buying and selling oil and gas working interests (operated and non-operated), overrides, royalties, mineral interests, leaseholds, and other contracts. From time to time we spot auctions on EnergyNet from Marcellus/Utica drillers. EnerVest Energy is currently auctioning a package of leases scattered across Ohio and Pennsylvania via the EnergyNet website. The EnerVest auction ends June 17. We have the details below.
In what is a hollow victory for anti-fossil fuel zealots, the Pennsylvania Supreme Court denied hearing an appeal for a case from Sunoco Logistics Partners about a permit for a pump station in Lebanon County, PA. The Supremes’ rejection means a lower court ruling stands that overturns the permit. Thing is, that pump station was built years ago and has been functioning ever since. There’s no way that pump station is going away. So why did the antis blow all that money in litigation over the years?
Pennsylvania House Speaker Mike Turzai has been a long-time supporter of the Marcellus Shale industry in the Keystone State. He’s not only an “advocate” for shale energy, he’s devastatingly effective against the shenanigans of anti-fossil fuelers from the Democrat Party. And they hate him for it. Although Turzai previously announced he won’t run for reelection (see
An economist from Binghamton University who has zero training in health care and the medical field is the lead author of a new study that claims air pollution from Marcellus fracking killed an estimated 20 people in Pennsylvania from 2010-2017. While the “study” aims to paint Marcellus fracking as a killer, we say it makes the opposite point. This study (if you believe its results) proves Marcellus fracking is about the safest form of energy on earth!
The mighty Mariner East 2X (ME2X) pipeline project gets closer and closer to 100% completion, despite the efforts of anti-fossil fuelers to hassle and block the project. In a bit of news ignored by mainstream media, another 13-mile stretch of ME2X in southeastern PA between Chester and Delaware counties went online late last week.
In a transparent effort to buy local politicians and their votes against fracking, pipelines and for high carbon taxes, a California-based group linked to billionaire Tom Steyer has dumped almost $200,000 of “dark money” into Pennsylvania elections in the Delaware Valley (southeastern PA). Steyer is also attempting to buy candidates in Virginia, Nevada, Michigan, North Carolina and Oregon. In Chester County, Steyer is buying races for three radical Democrats in the upcoming primary…
Peregrine Energy Partners, headquartered in Dallas, Texas, continues a program to buy royalty rights in the Marcellus/Utica. In January 2019 we told you about Peregrine’s purchase of rights from undisclosed sellers in southwest PA (see
On Wednesday the Pennsylvania Supreme Court heard oral arguments in a case challenging whether or not the state Attorney General’s office has the right to use a consumer protection law to prosecute companies like Chesapeake Energy and Anadarko over royalty payment shenanigans. The law the AG’s office wants to use has never been used that way before. According to legal experts, drillers are very concerned if the AG’s office wins this one, as we reported last November (see
Yesterday the Pennsylvania House of Representatives passed Senate Bill 790, a bill that restores sanity to regulations for conventional oil and gas drillers in the Keystone State. For years PA’s small, independent conventional oil and gas drillers have objected to the one-size-fits-all regulations concocted by the Gov. Tom Wolf Administration that applies the same regulations to them as to big shale drillers. The two types of drilling are apples and oranges. To make small conventional drillers jump through the same hoops as big shale drillers will bankrupt many of the smaller companies. SB 790 helps correct the situation.
EQT announced yesterday it has closed on a deal to sell “certain non-strategic assets” to Diversified Gas & Oil (DGO) for $125 million, plus another potential $20 million later on. MDN first told you about this deal on May 13 (see